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Coronavirus Updates: Impact on the Diamond Trade
The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
Polished Markets Jul 05, 2020 Rapaport News
Alrosa rough diamonds
Buyers Snub De Beers and Alrosa over High Prices
De Beers and Alrosa continued to see rock-bottom sales in June as buyers rejected the miners’ high rough prices in favor of cheaper goods from smaller suppliers.“[The major miners] want to hold on to prices, so people don’t see any...
Rough Markets Jun 29, 2020 Joshua Freedman
Road to Recovery 150
Where Do We Go from Here?
The coronavirus pandemic has impacted every part of the diamond supply chain. As markets reopen with the virus still lingering, there is a consensus that a new normal has been established, even as it continues to evolve. The...
Polished Markets Jun 21, 2020 Avi Krawitz
Mountain Province ghacho kue 150
Mountain Province Cuts 2020 Production Forecast
Mountain Province has reduced its production outlook for the year amid the challenges posed by the coronavirus pandemic and its impact on operations.The miner now expects to produce between 6.3 million and 6.4...
Mining Jun 21, 2020 Rapaport News
Rough diamonds in a loupe
De Beers Sight Opens with Viewings in Antwerp
De Beers has been holding sight viewings in Antwerp this week as part of its move to offer goods in locations other than Botswana due to the coronavirus.The company might also enable customers to view rough in Hong Kong...
Rough Markets Jun 17, 2020 Joshua Freedman
Growing up with Gen Z
Growing Up with Gen Z
Despite all the nights of lost sleep over whether millennials will still want to buy diamond jewelry, it turns out this group is not so dissimilar to previous generations. Generation Z, though — now aging into relevance — is a different...
Polished Markets Jun 16, 2020 Rachael Taylor
De Beers Insight Report
Consumers Seeking ‘Meaningful’ Gifts – De Beers
More than half of US consumers think holiday gifts this year should be meaningful, and see diamonds as the top representation of that notion, according to a survey by De Beers.Some 56% of both men and women believed a meaningful gift...
Polished Markets Jun 11, 2020 Rapaport News
Feriel Zerouki De Beers
WDC Elects Feriel Zerouki as President from 2022
De Beers executive Feriel Zerouki will succeed Edward Asscher as president of the World Diamond Council (WDC) in 2022, the organization said Monday.Zerouki, De Beers’ senior vice president of international relations and ethical initiatives, will become...
Polished Markets Jun 08, 2020 Rapaport News
De Beers sorting GSS
De Beers Offering Sight Goods Outside Botswana
De Beers will hold viewings of sight goods in locations other than Botswana, enabling customers to access the company’s rough amid travel restrictions.The miner will introduce the provision in “relevant diamond centers” for the upcoming...
Rough Markets Jun 02, 2020 Joshua Freedman
Polished diamonds
Diamond Markets Return Cautiously
RAPAPORT PRESS RELEASE, June 2, 2020, Las Vegas… Diamond trading is starting to regain traction in Hong Kong with some demand from China. Hong Kong is mostly open for business, but concerns are mounting about...
Polished Markets Jun 02, 2020 Rapaport
DPA NDC Only Natural Diamonds
DPA Relaunches as the Natural Diamond Council
The Diamond Producers Association (DPA) has unveiled a new name and strategy it hopes will resonate with younger consumers and position it as a leading digital publisher of information about diamonds.The category-marketing organization is now the Natural...
Marketing Jun 01, 2020 Rapaport News
Podcast Banner episode 26
Podcast: Time for Subtle, Discreet Brand Marketing
As difficult as the Covid-19 lockdown period has been, Sally Morrison, director of public relations at De Beers’ consumer and brands division, sees opportunity for the diamond industry moving forward. In the first episode of the Rapaport...
Marketing Jun 01, 2020 Rapaport News
Forevermark
Forevermark Optimistic About Market Recovery
Sales at Forevermark’s stores in China have recovered strongly since the peak of Covid-19, with customers returning quicker than expected, the De Beers-owned retail brand reported.“While much of our world and business is in flux right now,...
Retail May 27, 2020 Rapaport News
RJC
RJC Elects New Board Members
The Responsible Jewellery Council (RJC) has expanded its board and appointed seven trade members to represent different parts of the supply chain.New board members include Feriel Zerouki, RJC honorary treasurer and senior...
Polished Markets May 24, 2020 Rapaport News
Polished diamonds in hand
DPA to Rebrand, Abandon ‘Real Is Rare’
The Diamond Producers Association (DPA) has revealed plans for a radical overhaul that will see it change its name and drop the “Real Is Rare” tagline.Starting June 1, the marketing group will unveil a fresh...
Marketing May 19, 2020 Joshua Freedman
Sally Morrison
Sally Morrison Returns to Natural Role at De Beers
De Beers has appointed Sally Morrison director of public relations for natural diamonds. The long-serving branding specialist has been chief marketing officer for the company’s lab-grown line, Lightbox, since 2017.Based in New York,...
Marketing May 18, 2020 Rapaport News
Staying Relevant in the Coronavirus Era
Staying Relevant in the Coronavirus Era
During lockdown, there comes a time when one simply doesn’t want to be told anymore that we’re in this together — “even though we may be apart.”While plunging further down that YouTube rabbit hole, as we all often have...
Marketing May 14, 2020 Avi Krawitz
Podcast: Is the Diamond Trade Prepared for Change?
Is the Diamond Trade Prepared for Change?
As diamond markets start to return, the Rapaport News team discusses prospects for the industry in the latest episode of the Rapaport Diamond Podcast. We discuss the extent to which things have fundamentally changed in the past...
Polished Markets May 14, 2020 Rapaport News
Rough diamond at KGK Diamonds Botswana
De Beers Launches Online Rough-Sales Platform
De Beers has launched an e-commerce site that lets clients buy rough on demand, creating an opportunity for sales during the weak market.An initiative of De Beers’ auctions unit, the new Buy platform gives registered buyers...
Rough Markets May 10, 2020 Rapaport News
Mountain Province
Strong US Dollar Pushes Mountain Province to Loss
Mountain Province reported a loss in the first quarter as the stronger US dollar led to an increase in the miner’s debts.The company posted a net loss of CAD 41 million ($29.1 million), compared with a profit of CAD 2.5 million ($1.8...
Mining May 07, 2020 Rapaport News
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